Shares of Trent Ltd, the retail arm of the Tata Group, saw a decline of over 3% on Thursday, April 23, 2026, dropping to an intraday low of Rs 4,296. Despite the company reporting a robust set of earnings for the fourth quarter of FY26 (Q4FY26), broader market volatility driven by rising crude oil prices and geopolitical tensions between the U.S. and Iran dampened investor sentiment.
Q4 Financial Highlights
Trent’s performance for the March quarter showed resilience across key metrics:
- Net Profit: Rs 413.10 crore (↑ 32.57% YoY)
- Revenue: Rs 5,027.99 crore (↑ 19.23% YoY)
- EBITDA: Rs 653 crore (↑ 44% YoY)
In a significant move for shareholders, the board announced a 1:2 bonus issue (one bonus share for every two held) and recommended a Rs 6 dividend per share. The company also plans to raise Rs 2,500 crore to fund store upgrades and supply chain automation.
Brokerage Outlook: Buy, Hold, or Add?
While Trent’s long-term growth remains a favorite among analysts, high valuations and macroeconomic headwinds have led to a more cautious near-term stance.
| Brokerage | Rating | Target Price | Key Takeaway |
| Elara Capital | Accumulate | Rs 4,800 | Expects 20% revenue CAGR through FY28; positive on margin surprises. |
| HDFC Securities | Add | Rs 4,500 | Downgraded due to limited upside after recent rally; flagged low single-digit LFL growth. |
Key Drivers for Investors
- The “Zudio” Effect: Continued aggressive store expansion for Westside and Zudio remains the primary revenue driver.
- Fundraising: The planned Rs 2,500 crore capital infusion is earmarked for scaling Star Bazaar and enhancing digital/supply chain infrastructure.
- Market Context: The stock has delivered a staggering 460% return over five years, though it currently sits below its June 2025 high of Rs 6,259.
Expert Verdict
Analysts suggest that while Trent is a “multibagger” success story, the current entry point may be risky for short-term traders due to elevated valuations. However, for long-term investors, the “Accumulate” rating suggests that any further dips caused by geopolitical factors could provide a strategic buying opportunity.